Bihar Gramin Bank R.K.Gramodyog Sangh IFSC Code

When you need to send money electronically to the R.K.Gramodyog Sangh branch of Bihar Gramin Bank in Siwan, Bihar, understanding its Indian Financial System Code (IFSC) is key. This unique code acts like a digital address, ensuring your funds reach the correct bank and branch. Whether you are using NEFT (National Electronic Funds Transfer), RTGS (Real Time Gross Settlement), or IMPS (Immediate Payment Service), the IFSC code is a mandatory detail that prevents errors and ensures your transactions are processed smoothly and securely.

Branch Details

Here are the important details for the R.K.Gramodyog Sangh branch:

Bank Name	Bihar Gramin Bank
Branch Name	R.K.Gramodyog Sangh
IFSC Code	PUNB0MBGB06
MICR Code	800811002
Branch Code	100854
Branch Address	R.K.Gramodyog Sangh, SIWAN, 841226, 9297955861
Contact Number	9297955861
City	SIWAN
District	SIWAN
Pincode	841226
State	Bihar

Merger Update

The IFSC code provided, PUNB0MBGB06, belongs to Madhya Bihar Gramin Bank. This bank was formed through a significant merger. Previously, Uttar Bihar Gramin Bank (UBGB) and Dakshin Bihar Gramin Bank (DBGB) operated as separate entities in Bihar. They have since merged to create Madhya Bihar Gramin Bank. This new, larger entity is sponsored by Punjab National Bank. Therefore, any old IFSC codes that you might have used for Uttar Bihar Gramin Bank or Dakshin Bihar Gramin Bank are no longer valid for transactions. For all transactions related to branches now under Madhya Bihar Gramin Bank, including the R.K.Gramodyog Sangh branch, you must use the updated and unified IFSC code: PUNB0MBGB06. Always use this new code to ensure your funds transfer correctly.

What is an IFSC Code?

An IFSC code is an 11-character alpha-numeric code that identifies every bank branch uniquely in India. It’s crucial for electronic fund transfers. Let’s break down its structure:

• The first four characters represent the bank’s name. For PUNB0MBGB06, ‘PUNB’ stands for Punjab National Bank, which is the sponsoring bank for Madhya Bihar Gramin Bank.
• The fifth character is always a zero (0). This character is reserved for future use and acts as a control digit.
• The last six characters identify the specific branch. In this case, ‘MBGB06’ points to the R.K.Gramodyog Sangh branch under Madhya Bihar Gramin Bank.

This standardized format helps ensure accuracy and prevents mistakes when processing digital payments across different banks and branches.

How to Use the IFSC Code

Using the IFSC code is a straightforward process when you are making an online fund transfer. Here’s how it generally works for common electronic payment systems:

For NEFT (National Electronic Funds Transfer)

NEFT is suitable for transferring amounts without strict time limits. Transactions are processed in batches throughout the day.

1. Log in to your bank’s online banking portal or mobile app.
2. Select the “Fund Transfer” or “Payments” option.
3. Choose “NEFT” as the transfer type.
4. Add a new beneficiary or select an existing one.
5. Enter the beneficiary’s details: name, account number, and the correct IFSC code (PUNB0MBGB06).
6. Enter the amount you wish to transfer.
7. Confirm the details and complete the transaction.

For RTGS (Real Time Gross Settlement)

RTGS is designed for large value transactions that need to be processed individually and continuously. It’s often used for amounts over Rs. 2 lakh.

1. Access your online banking service or visit your bank branch.
2. Select the “Fund Transfer” option and choose “RTGS.”
3. Provide the beneficiary’s name, account number, and the IFSC code (PUNB0MBGB06).
4. Input the transfer amount (it must meet the minimum RTGS threshold).
5. Review all information carefully and authorize the payment.

For IMPS (Immediate Payment Service)

IMPS allows for instant, 24/7 fund transfers, even on holidays. It’s fast and convenient for smaller to medium amounts.

1. Open your bank’s mobile banking app or internet banking portal.
2. Go to the “IMPS Transfer” section.
3. Enter the beneficiary’s mobile number and MMID (Mobile Money Identifier) OR their account number and the IFSC code (PUNB0MBGB06).
4. Specify the amount to be transferred.
5. Verify the details and confirm the transaction.

Benefits of Knowing the IFSC Code

Having the correct IFSC code for the R.K.Gramodyog Sangh branch offers several advantages:

• Accurate Fund Transfers: It guarantees that your money reaches the intended beneficiary at the correct branch, minimizing errors.
• Seamless Online Transactions: Enables hassle-free NEFT, RTGS, and IMPS payments from your home or office.
• Time Savings: Speeds up the process of setting up new beneficiaries for future transfers.
• Security: The unique code helps prevent fraudulent transfers by clearly identifying the destination bank and branch.
• Mandatory Requirement: It’s a required piece of information for all major electronic fund transfer methods in India.

Contact Information

Should you need to reach out to the bank, here are the relevant contact details:

• Branch Phone Number: 9297955861
• Branch Address: R.K.Gramodyog Sangh, SIWAN, 841226, BIHAR
• Head Office Address (Madhya Bihar Gramin Bank): SHRI VISHNU COMMERCIAL COMPLEX, ASOCHAK, PATNA-800030, BIHAR
• Toll-Free Number (Madhya Bihar Gramin Bank): 18001807777

Frequently Asked Questions

Here are some common questions about IFSC codes and their usage:

Q1: Is the IFSC code the same for all branches of Bihar Gramin Bank?
A1: No, the first four characters of the IFSC code (PUNB for Punjab National Bank, the sponsoring bank for Madhya Bihar Gramin Bank) will be common for all branches under this merged entity. However, the last six characters are unique to each specific branch, ensuring your funds go to the correct location.

Q2: What should I do if I enter an incorrect IFSC code?
A2: If you enter an incorrect IFSC code, the transaction will usually fail immediately because the system cannot find a matching bank and branch. In rare cases, if the incorrect code belongs to another valid branch, your money might go there. Always double-check the IFSC code before confirming a transfer.

Q3: Can I find the IFSC code on my passbook or chequebook?
A3: Yes, the IFSC code is typically printed on your bank’s chequebook leaves and on the front page of your passbook. It’s usually found near the branch address and other bank details.

Q4: Do I need the IFSC code for cash deposits or withdrawals at the branch?
A4: No, you do not need the IFSC code for cash deposits or withdrawals directly at the bank branch. The IFSC code is specifically required for electronic fund transfers like NEFT, RTGS, and IMPS, which happen between different banks or branches.

Q5: How can I verify if an IFSC code is correct?
A5: You can verify an IFSC code by checking your bank’s official website, your passbook, or by calling the bank’s customer service. Reliable third-party financial websites also provide IFSC code look-up tools, but always cross-reference with an official source if possible.